India's historical focus on its continental borders has overshadowed its maritime ambitions, but that is changing quickly, notes Ajai Shukla.
Former India captain Bhaichung Bhutia on Monday said he might explore legal options after the All India Football Federation (AIFF) turned down his request for a discussion on the appointment of Shaji Prabhakaran as secretary general.
The Asian Development Bank (ADB) on Wednesday slashed India's GDP growth forecast for FY23 to 7 per cent from the earlier estimate of 7.2 per cent mainly on account of higher inflation and a tight monetary policy. India's economy grew 13.5 per cent year-on-year in the first quarter of 2022-23, reflecting strong growth in services, ADB said in its second supplement to Asian Development Outlook Report 2022 (ADO 2022). "However, GDP growth is revised down from ADO 2022's forecasts to 7 per cent for FY2022 (ending March 2023) and 7.2 per cent for FY2023 (ending March 2024) as price pressures are expected to adversely impact domestic consumption, and sluggish global demand and elevated oil prices will likely be a drag on net exports," ADB said.
'India's march towards being a $5 trillion economy continues, notwithstanding momentary setbacks.' 'India is at an inflexion point and most economists believe this growth super-cycle will extend for over four decades.'
Under intense scrutiny, Iyer looked rusty at the start of the IPL and got out for a two-ball duck in their opener against SRH. He had some significant contributions later on but his efforts were all overshadowed by Narine and Salt's explosive batting.
Ahead of his side's Indian Premier League match against Mumbai Indians, Kolkata Knight Riders assistant coach Abhishek Nayar hailed skipper Shreyas Iyer for his mental strength and positive approach to life.
Standard Chartered's India strategy will focus on wealth management while credit card will remain core to its business though will avoid competition with the country's private banks, said a senior executive of the British lender. "Our focus on wealth management and affluent clients are central to our existence. "We are strong in these areas and we want to grow in these areas.
Rauf's central contract may be 'restored'
On the second leg of his trip to Central Asia, Narendra Modi makes quite an impression in Astana, as he talks about terror and trade, films and the future
Assistant Secretary of State for South and Central Asia, Donald Lu, was speaking to members of the Senate Foreign Relations Committee, just after India had abstained from a vote on the United Nations General Assembly resolution.
Several Pakistani cricketers are reportedly unhappy with PCB chief selector Wahab Riaz for delaying the issuance of NOCs to players.
The celebs brought glam and jaadu to the Shaadi by Marriott Bonvoy event.
Dr Jaishankar, right, appears to look away from Wang Yi, second from right, at the East Asia Summit Foreign Ministers Meeting in Jakarta, Indonesia, Friday, July 14, 2023.
Several hundred students from Mumbai schools including 20 school-cricket teams, got the opportunity to take photographs with the ICC Men's Cricket ODI World Cup Trophy at the Bombay Scottish school situated at Mahim, north central Mumbai.
It is the first visit to India by a senior minister of a member nation of the Organisation of Islamic Cooperation after the controversial remarks triggered anguish in the Arab world.
'It was China's rise that caused the New Cold War in Asia as it prompted the United States to rebalance its forces in Asia to experiment with engagement and containment at the same time,' says T P Sreenivasan.
Though Beijing asserts the Dalai Lama's successor needs its approval, observers say it remains concerned as the present Panchen Lama, the number two spiritual leader who was appointed by it after unseating the boy nominated by the Dalai Lama, has not gained much traction in Tibet.
S&P Global Ratings on Monday raised India's growth forecast for the current financial year to 6.4 per cent, from 6 per cent, saying that robust domestic momentum has offset headwinds from high food inflation and weak exports. The US-based rating agency, however, has cut growth estimates for the next fiscal (2024-25) to 6.4 per cent, as it expects growth to slow in the second half (October-March) of the current fiscal, on higher base impact and subdued global growth.
Global financial markets are not yet fully factoring in any escalation in the Israel-Palestine geopolitical conflict, said Christopher Wood, global head of equity strategy at Jefferies in his latest weekly note to investors, GREED & fear. The pertinent point about ongoing events in West Asia from a financial market perspective, according to him, is that, despite much talk about a pending ground invasion of Gaza, no such invasion has yet happened. "This is beginning to make GREED & fear wonder if it is ever going to happen.
Genset manufacturer Cummins India has seen its share price rise by 45 per cent in the past three months. The management has reaffirmed that growth would be in double digits over the coming two fiscal years. Growth is expected to be driven by a pickup in domestic infrastructure spending.
The Lok Sabha contest in Thiruvananthapuram is shaping up to be a significant battle involving key candidates like Shashi Tharoor, Rajeev Chandrasekhar, and Panniyan Ravindran. This three-cornered fight highlights the political dynamics in Kerala's capital city, with each candidate bringing their own vision and promises for the region's development, notes Rajeev Srinivasan.
"The deal is being implemented. We witnessed attempts on the part of the US to undermine this cooperation and make India obey the American orders to follow the American vision of how this region should be developed," Russian Foreign Minister Sergey Lavrov said.
United States President Joe Biden will travel to India from September 7 to 10 to attend the G-20 Leaders' Summit during which he will discuss with other leaders a range of global challenges, including the Ukraine conflict, the White House announced on Tuesday.
The general elections in April/May 2024 are expected to add volatility to the Indian markets, keeping investors on their toes.
Modi attended the 20th ASEAN-India Summit in Jakarta. Secretary-General of ASEAN Dr Kao Kim Hourn also attended the summit.
In his opening remarks at the talks, Defence Minister Rajnath Singh asserted that India is confident of overcoming the challenges with a strong political will and an inherent capability of its people.
Equity benchmark Nifty scaled the psychological milestone of 21,000 in afternoon trade on Friday, and the Sensex touched its all-time intraday high of 69,888.33 after the central bank's decision to keep policy rates unchanged in line with market expectations. The 50-share benchmark index opened on a bullish note, after taking a breather on Thursday, and rose to 21,006.10. As many as 25 stocks were trading in the green, and 24 stocks defied the broader market and were trading in the negative territory.
India is one of the few countries in the region that enjoys good relations with both Israel and Saudi Arabia, and IMEC would allow it to recreate the old Spice Route to Europe. All this is in jeopardy now, notes Rajeev Srinivasan.
It also noted that under the leadership of Prime Minister Narendra Modi, India is more likely than in the past to respond with military force to Pakistani provocations.
Hafeez said the board would factor in a players' workload ahead of next year's T20 World Cup before giving him a 'No Objection Certificate'(NOC) to take part in one of the growing number of lucrative franchise leagues around the world.
The Enforcement Directorate on Tuesday conducted raids against Hero Motocorp executive chairperson Pawan Munjal and others as part of a money laundering investigation, official sources said. The searches were carried out at premises located in Delhi and neighbouring Gurugram in accordance with provisions of the Prevention of Money Laundering Act (PMLA).
Reserve Bank of India (RBI) Governor Shaktikanta Das had stumped the market in the previous two policies - in August and in October - first with action and then with words. In August, it was the introduction of an incremental cash reserve ratio (I-CRR) to take out excess liquidity, which took the markets by surprise. In October, there was no action. Rather, what is known as "open mouth operation", Das' comment that the central bank might conduct open market operations (OMOs) by selling bonds tempered the euphoria in the bond markets after JP Morgan's inclusion of India in its Emerging Market Bond Index.
According to a 2019 Congressional Research Service report of August 2019, a longstanding goal of US policy in South Asia has been to prevent the India-Pakistan conflict from escalating to interstate war.
India is all set to make its presence felt in the $47 billion global outsourced semiconductor testing and packaging market, an arena where Malaysia and Vietnam have been way ahead so far. The Cabinet last Thursday cleared two projects, the Tata's assembly testing and packaging plant (ATMP) and the Murugappa-owned CG Power with Renesas from Japan as its tech partner. These, together with Micron's assembly and testing plant which is already being constructed in Sanad in Gujarat, will collectively invest Rs 47,300 crore to set up the factories.
Unless the anarchy in Manipur is brought under control quickly, we are sowing the seeds of a flare up in the entire North East and the end of our dream of checking China in South East Asia, warns Colonel Anil A Athale (retd).
The Shanghai Cooperation Organisation is very much aligned with the foreign policy priorities of the Modi 2.0 government, says Sana Hashmi.
The new flights come against the backdrop of the Indian government's move to boost air connectivity with Central Asia and tap the interest of Russian investors in India.
'A player of Dhoni's stature needs to be told that he is not being awarded a central contract for the time being and it was done in an appropriate manner.'
'It's dull because this time the election is spread over such a long period.'
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